Value Analysis definition

Value Analysis means a life cycle costing approach to valuing a given alternative, which calculates the long term expected impacts of implementing the particular option.
View Source
Value Analysis means an analysis of the functions of a programme, project, system, product, items of equipment, building, facility, service or supply by a person, directed at improving performance, reliability, quality, safety and life-cycle.
View Source
Value Analysis means the continuing evaluation by the Construction Manager of the Drawings, Specifications, related design concepts, and design documents, throughout the design and construction phases of the Project, whereby the Construction Manager proposes and the Project Team determines the most advantageous value added design substitutions or solutions, as approved by Owner, with the goal of an integrated design that encompasses life cycle cost analysis and functional analysis according to evaluation criteria established by the guidelines of the Society of American Value Engineers (SAVE).
View Source

Examples of Value Analysis in a sentence

  • If authorized, the Contractor shall in coordination with the AOC, the Architect or Engineer, and other third parties (as necessary and authorized by the AOC), provide the following: Value Analysis: Conduct value analysis workshops at 50% and 90% Working Drawing stages to confirm that all project and construction costs have been identified.

  • Lessee shall lead the activities of the District, Architect, and other Project participants in a Value Analysis, and verify the cost- effectiveness of the design.

  • Lessee shall conduct Value Analysis Workshops at the 100% Design Development Stage.

  • Value Analysis: Lessee shall conduct Value Analysis workshops at 50% and 90% Working Drawing Stages to confirm that all Project and construction costs have been identified, lead the activities of the District, Architect, and other Project participants in the Value Analysis, and verify the cost-effectiveness of the design and the conformance of the design or Construction Documents to the Project budget program and quality standards set by the District.

  • Not used Value Analysis: Contractor shall conduct value analysis workshops at 100% Schematic Design and 100% Design Development stage.

  • Examples of productivity savings include, but are not limited to, negotiated reductions in price, cost reductions associated with Value Analysis or Value Engineering, savings associated with Supplier acquiring new business from Schaeffler, and reduction or elimination of inventory.

  • Value Analysis: Contractor shall conduct value analysis workshops at 100% Design Development stage.

  • In addition to the services of the Contractor listed throughout this Agreement, Contractor’s Pre- Construction Services may include but not be limited to: Development of a Project Management Plan, Provide Value Analysis, Constructability and Bidability Reviews, Cash Flow Projections, Estimating/Price Guarantees, and Subcontractor Bid Package Timing and Strategy.

  • Value Analysis: Conduct value analysis workshops at 50% and 90% Working Drawing stages to confirm that all project and construction costs have been identified.

  • Value Analysis: Contractor shall conduct value analysis workshops at 100% Schematic Design and 100% Design Development stage.


More Definitions of Value Analysis

Value Analysis means a systematic and objective evaluation of the function of a product and its related costs, whose purpose is to ensure optimum value.]
View Source

Related to Value Analysis

  • Market Analysis means a technique used to identify market characteristics for specific goods or services “National Treasury” has the meaning assigned to it in section 1 of the Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Forensic analysis means the practice of gathering, retaining, and analyzing computer-related data for investigative purposes in a manner that maintains the integrity of the data.

  • risk analysis the analysis required under Rule 17f-7(a)(1)(i)(A).

  • Credential analysis means a process or service by which a third party affirms the validity of an identity document described in section 25(6)(c) through a review of public and proprietary data sources conducted remotely.

  • Applied behavior analysis means the design, implementation, and evaluation of environmental modifications, using behavioral stimuli and consequences, to produce socially significant improvement in human behavior, including the use of direct observation, measurement, and functional analysis of the relationship between environment and behavior.